It's just how blockchain's need to sustain themselves.
🔹Chains are run by validators/miners.
🔹Validators do it because it's profitable to do so.
🔹Profits come from combo of user fees (F) and chain emissions (E).
Profit Equation:
Profit = (F + E) - validator/miner costs
Emissions:
> BTC has a hard supply cap (21m), so these trend to 0.
> ETH has no supply cap, but burns/emits based on staked eth and usage.
So the profit calculation for BTC eventually becomes:
Profit = F - Costs
Problem is; no one uses BTC so F is also basically 0.
When this happens you lose miners.
When you lose miners you lose decentralization.
When you lose decentralization you lower the cost of another party to take over the network.
When you take over the network you can attack it (ex. double spend).
That means you have a new equation come forward, and when this becomes attainable someone will do it:
When
[Cost to buy 51% of a weakened network]
Less Than
[Value gained from attacking network]
Then
Attack network
This cripples BTC and it dies.
Love to see it. @ourbit listing illegal currencies
A lot of exchanges delisted $XMR due to legal consequences including Binance but Ourbit is pushing the boundaries.
+1 for XMR -1 for feds
Good points by Tim about the future of media.
It boils down to this:
Websites are dead, don't even look at page views.
Build niche brands. The messy middle is death. You either have to be as big as Bloomberg and NYT or niche. To scale niche, build a house of brands.
Stay lean, stay profitable.
Figure out creative ways to incentivize talent.
The news without a touch of personality is a commodity.
Same with basic 100-level content, that's a commodity too. Don't touch it.
Podcasts and newsletters are key, they should be free and monetized with ads. Tap into big social audiences to grow these.
Events can make a lot of money but hidden costs in time, money, and opportunity costs are high.
The bottom of your funnel should be an enterprise subscription product. Consumer subscriptions is a trap.
Godspeed to all the media operators out there.
Solana is underperforming right now. It should be $200+ but degenerate casino players keep selling.
U guys know we literally own this casino right? Price it higher. DELIST UR SELL ORDERS
ETH will outpace us if this doesn’t change
GOLD BTC SILVER ETH DUST SOL